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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. According to Lewis, the better an analyst gets at his job, the nearer he seems to ______.
(a) God.
(b) His dreams.
(c) Death.
(d) Greatness.

2. What is another word for savings and loan?
(a) Home store.
(b) Penny house.
(c) Thrift.
(d) House bank.

3. As Lewis gets more experience at Salomon Brothers, he realizes that an inexplicable aspect of studying to be an investment banker is that _______ serves no function in an investment bank.
(a) Making plans.
(b) Economic theory.
(c) Politeness.
(d) A college degree.

4. Which leading bond analyst from Salomon Brothers gives a speech at the Wharton School about how he can't get women to pay attention to him at cocktail parties?
(a) Myron Samuels.
(b) John Gutfreund.
(c) Sidney Homer.
(d) John Meriwether.

5. The author thinks that all money men either have ______ hair or are bald.
(a) Blond.
(b) Receding.
(c) Dark.
(d) Red.

6. In 1979, which company specializes in junk bonds?
(a) Salomon Brothers.
(b) Drexel Burnham.
(c) Shearson.
(d) Lehman.

7. The face of Dale Horowitz reminds the author of whom?
(a) Bugs Bunny.
(b) Donald Duck.
(c) Yogi Bear.
(d) Ronald Reagan.

8. According to the author, what is Gutfreund's only noticeable affectation when he comes to speak to the trainees?
(a) A demure concern.
(b) An exaggerated posture.
(c) A statesmanlike calmness.
(d) A German accent.

9. What is the initial bet that Gutfreund proposes to Meriwether for Liar's Poker?
(a) One dollar.
(b) A year's pay.
(c) A million dollars.
(d) Forty thousand dollars.

10. Jim Massey is a member of Salomon Brothers executive committee in charge of sales and presides over _____, which directly affects the future of all trainees.
(a) The break room surveillance cameras.
(b) The job placement blackboard.
(c) Paper evaluations.
(d) Testing sites.

11. Bob Dall and Stephen Joseph create the first _____ of mortgage securities.
(a) Private issue.
(b) Legislative block.
(c) Public offering.
(d) Successful recall.

12. In the bond market, unlike the stock market, ______ are not openly stated.
(a) Share quantities.
(b) Interest rates.
(c) Commissions.
(d) Taxes.

13. Jim Massey is considered Gutfreund's _____.
(a) Confidante.
(b) Hatchet man.
(c) Prodigal son.
(d) Arch enemy.

14. The speaker who eventually wins the hearts and minds of the back row in the Salomon Brothers training program describes the trading floor as a _____.
(a) Ballet.
(b) Firing squad.
(c) Jungle.
(d) War zone.

15. What aspect of the dollar bill is the integral component of Liar's Poker?
(a) The mint.
(b) The year.
(c) The serial number.
(d) The owner.

Short Answer Questions

1. In the midst of Liar's Poker, the good player's mind spins with ________.

2. For a great player of Liar's Poker, ______ is the easy part of the game.

3. The trainee who finally asks a question at Massey's training session wonders if Salomon Brothers will open an office in what city?

4. Bond prices move _____ to interest rates after 1979.

5. The front-row people in the Salomon Brothers training program are generally from which business school?

(see the answer keys)

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